About loanDepot
loanDepot is a company based in Walpole (United States) founded in 1988 was acquired by loanDepot in November 2014. It operates as a Brokerage / Intermediation. loanDepot has raised $1.08 million across 2 funding rounds from investors including loanDepot, Woon Young Jeong and Bala Swaminathan. loanDepot offers products and services including Fixed Rate Mortgage, Home Equity Loan, and Cash Out Refinance. loanDepot operates in a competitive market with competitors including Redfin, QuintoAndar, PropTiger, Compass and Homeday, among others.
- Headquarter Walpole, United States
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Sectors
Real Estate & Construction
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Phone
*********
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Website
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Social
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- Legal Name Loandepot.Com, Llc
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Products & Services of loanDepot
loanDepot offers a comprehensive portfolio of products and services, including Fixed Rate Mortgage, Home Equity Loan, and Cash Out Refinance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Fixed rate mortgages are offered for home purchases.
Home equity loans are provided for cash needs.
Cash out refinance options are available for homeowners.
Funding Insights of loanDepot
loanDepot has successfully raised a total of $1.08M across 2 strategic funding rounds. The most recent funding activity was a Unspecified round of $700 thousand completed in April 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Unspecified — $700,000
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First Round
First Round
(01 Jun 2020)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Unspecified - loanDepot | Valuation | Woon Young Jeong | |
| Jun, 2020 | Amount | Unspecified - loanDepot | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in loanDepot
loanDepot has secured backing from 4 investors, including angel investors. Prominent investors backing the company include loanDepot, Woon Young Jeong and Bala Swaminathan. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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WY
Woon Young Jeong |
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Founded Year | Domain | Location |
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BS
Bala Swaminathan |
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Founded Year | Domain | Location |
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AL
Andy Lim |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by loanDepot
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - loanDepot
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Loandepot Comparisons
Competitors of loanDepot
loanDepot operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Redfin, QuintoAndar, PropTiger, Compass and Homeday, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Residential properties are listed and brokered through an online platform.
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| domain | founded_year | HQ Location |
Rental properties are brokered online for seekers and owners.
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| domain | founded_year | HQ Location |
A platform for residential property buying is facilitated by PropTiger.
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| domain | founded_year | HQ Location |
Online brokerage for residential properties is facilitated via mobile apps.
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| domain | founded_year | HQ Location |
Online brokerage firm for buying/selling of real estate properties
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| domain | founded_year | HQ Location |
Online brokerage for residential properties is provided to sellers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about loanDepot
When was loanDepot founded?
loanDepot was founded in 1988 and raised its 1st funding round 32 years after it was founded.
Where is loanDepot located?
loanDepot is headquartered in Walpole, United States. It is registered at Walpole, Massachusetts, United States.
Is loanDepot a funded company?
loanDepot is a funded company, having raised a total of $1.08M across 2 funding rounds to date. The company's 1st funding round was a Unspecified of $380K, raised on Jun 01, 2020.
What does loanDepot do?
Mortgage and home loan refinancing services are offered by loanDepot. Various mortgage types, including fixed rate and adjustable rate mortgages, are provided. Home equity loans and cash-out refinance options are also available to support homeowners. The company operates in the financial services sector, focusing on mortgage lending and personal loans. Tools and resources for homebuyers, such as calculators and educational content, are included in their offerings. A mobile app is maintained for easy account management.
Who are the top competitors of loanDepot?
loanDepot's top competitors include QuintoAndar, Redfin and PropTiger.
What products or services does loanDepot offer?
loanDepot offers Fixed Rate Mortgage, Home Equity Loan, and Cash Out Refinance.
Who are loanDepot's investors?
loanDepot has 4 investors. Key investors include loanDepot, Woon Young Jeong, Bala Swaminathan, and Andy Lim.
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